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LARSON DAVIS INC. REPORTS THIRD QUARTER RESULTS

 PROVO, Utah, May 21 /PRNewswire/ -- Larson Davis Inc. (NASDAQ: LDII) reported financial results for the third quarter of 1993 today. In an extraordinary transaction, the company reacquired a 36 percent equity interest in Larson Davis Info from Commerce Clearing House, thereby regaining whole ownership of the subsidiary. The extraordinary item allows the company to record $547,988 (net of tax) as a gain from the CCH settlement. As a result, Larson Davis shows $.05 earnings per share for the quarter ended March 31, 1993, compared to $.00 for the same year-ago period, on quarterly revenues of $1,882,325 vs. $1,657,161 last year.
 "We are excited about revenue possibilities over the near term due to the many new opportunities we foresee in environmental noise management," stated company President Brian Larson. "We expect that the present administration's attention to environmental concerns will greatly enhance market potential for Larson Davis products."
 Larson Davis Inc. is primarily engaged in the development, manufacture and marketing of systems which enable the precise measurement of noise, vibration and other environmental phenomena. Corporate environmental concerns are fueling new order flow for Larson Davis, augmenting the already strong revenue rate from the company's existing manufacturing, industrial and military client base. Over the past five fiscal years, consistent new product development as a result of innovative research and development efforts have enabled the company to grow revenues at an annual compounded rate of 30 percent.
 LARSON DAVIS INC.
 Three Months Ended Nine Months Ended
 March 31, March 31,
 1993 1992 1993 1992
 Net sales $1,882,325(a) $1,657,161 $4,626,182(a) $5,057,495
 Net income $270,902 $5,716 $366,029 $196,565
 Net EPS $.05 $.00 $.07 $.03
 Number of shares
 outstanding 5,371,402 5,371,402 5,354,820 5,354,820
 (a) Includes extraordinary gain of $547,988.
 LDII stock closed Thursday at 3 - 3 1/8 on 31,300 shares traded.
 -0- 5/21/93
 /CONTACT: Christen R. McComb of Investment Marketing Support, 904-273-1551, for Larson Davis Inc./
 (LDII)


CO: Larson Davis Inc. ST: Utah IN: ENV SU: ERN

MS-BP -- LA007 -- 1048 05/21/93 07:00 EDT
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Publication:PR Newswire
Date:May 21, 1993
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